Stock Updates

Hiapteck - this is my favourite stock as it is doing well & looking very bullish. But some minor correction Friday or Monday is possible before it continues its climb up. It has broken out of its first resistance at 1.00 & volume the last 3 sessions has been strong. All signals are bullish. 1.00 will act as a strong support. Next target is 1.20 & then 1.36. All time high is 1.70, reachable? Why not!



Jotech - while the price did rise on Thurs signals still haven't turned positive. Its still below the mid BB line, within the lower BB band, below the 7 & 14-day MAV, the 7-day MAV has crossed below the 14-day MAV indicating bearishness, the MACDH is still turning down, DMI still turning towards a negative cross & the strength of the upmove is weakening (ADX turning down). Thurs rise bounced off the 30-day MAV but vol on this rise is low, so it may be just a technical bounce. I still believe this stock is more bearish then bullish but I will change my mind if it rises above the midBB line into the upper BB channel & if it also rises above the 7 & 14-day MAV. Until then I would not buy this stock.


ACPI is softening. Prices have dropped just below the 7 & 14 day MAV but still within the upper BB channel. DMI is still ok but MACDH is moving flat to downwards. It is not yet a sell signal but needs watching.


Dreamgate - while still positive, is not very bullish. ADX is getting flat & so too the DMI. Prices are just on the 7 & 14-day MAV but still within the BB upper channel. Not much else can be said, we have to wait for its next moves to see if the positive trend continues.

Sime Engineering - all signals still positive. Resistance is strong at 1.51 but a break above this will make this stock a bull stock. Looking very good.

RHB is also still positive. Its not as strong as Utama but still within the required parameters of the DocTS strategy. 1.32 is a strong support.

Utama - all signals still positive. Resistance is strong at 1.23 & prices must break above this to turn the stock into a bull stock.